Metal Prices: Annual Forecasting
MetalMiner's 2024 Annual Metals Outlook
This U.S.-centric annual buying guide consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving metal prices and a detailed forecast that can be used when sourcing metals for 2023 — including expected average prices, support and resistance levels.
Metal buying organizations use the metal prices annual forecasting outlook to:
The MetalMiner Annual Metals Outlook report, with quarterly updates, contains the following:
For a Tier 2 automotive company, MetalMiner generated a 7.3% savings on an annual stainless steel buy generating over $1 million in savings by introducing new global and domestic suppliers to the supply base.
For another transportation OEM MMO subscriber, the MetalMiner team completed an add-on advisory project to benchmark existing category management processes and provide strategies to identify and implement specific opportunities to generate cost savings across carbon steel plate, sheet and aluminum. The company generated double digit percentage savings, resulting in multi-million-dollar annual savings.
Springs and washer manufacturer decreased their inventory by 8.5% after overbuying material in a tight supply market. The company began to correctly read the long-term trends and adjusted their buying strategy.
Covered Metals Include:
Steel: HRC, CRC, HDG, Plate
Still want to kick the digital tires on what MetalMiner helps with?
- Learn how mills and service centers mess with you and how to deal with it.
- See how to buy in up, down, and sideways price markets using price indexes.
- Discover the 5 best practices of metal sourcing.
- 4 pieces of critical data your executive team wants to know about your category sourcing efforts.
- The art of timing your metal buy to lower your average purchase price.
Look at Our Forecast Track Record
Ignore the noise, but know the trend. MetalMiner’s track record on metal price forecasts by calling a bullish market or calling a bearish market means buying organizations can always generate cost savings or cost avoidance.